Do you have to explain to the court your reasons for filing bankruptcy?

Victoria Maydanik 341 Bankruptcy Meeting, California Chapter 13 Bankruptcy, California Chapter 7 Bankruptcy 7 Comments

I have noticed that many people are hesitant to consider bankruptcy as a viable option because they mistakenly believe that they would have to provide very personal details about themselves and their relationships and personal and financial choices, and mistakenly believe that they would have to give reasons for filing ...

Bankruptcy horror stories (Part 2): Bankruptcy can be a disaster if…

Victoria Maydanik Life advice from bankruptcy attorney Leave a Comment

I recently talked about various negative outcomes of failing to seek qualified and experienced attorney help and representing yourself in bankruptcy (with or without help of bankruptcy preparers) or retaining attorneys who do not focus their practice on bankruptcy law. In this post I will continue discussing various bankruptcy pitfall ...
Mistakes people make when filing bankruptcy

Bankruptcy horror stories (Part 1): Bankruptcy can be a disaster if…

Victoria Maydanik Life advice from bankruptcy attorney 1 Comment

We have previously talked about bankruptcy success stories. But can the outcome of filing bankruptcy be disastrous? Yes, it can be - and usually the culprit is bad legal advice, or lack of advice.   * Just yesterday, "Kim" attended her 341 Meeting of Creditors. Kim, an elderly woman whose ...